Flippin Bruce & Porter Inc. reduced its stake in The Western Union Company (NYSE:WU) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,146 shares of the credit services provider’s stock after selling 17,916 shares during the quarter. The Western Union comprises approximately 2.4% of Flippin Bruce & Porter Inc.’s portfolio, making the stock its 8th biggest holding. Flippin Bruce & Porter Inc. owned approximately 0.14% of The Western Union worth $13,326,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its position in The Western Union by 7.7% during the third quarter. Cullen Frost Bankers Inc. now owns 5,495 shares of the credit services provider’s stock worth $127,000 after buying an additional 392 shares during the period. Signaturefd LLC lifted its position in The Western Union by 66.5% during the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after buying an additional 519 shares during the period. Grimes & Company Inc. lifted its position in The Western Union by 0.7% during the second quarter. Grimes & Company Inc. now owns 83,656 shares of the credit services provider’s stock worth $1,664,000 after buying an additional 570 shares during the period. CSat Investment Advisory L.P. lifted its position in The Western Union by 27.8% during the second quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock worth $52,000 after buying an additional 572 shares during the period. Finally, Rowland & Co. Investment Counsel ADV lifted its position in The Western Union by 1.0% during the third quarter. Rowland & Co. Investment Counsel ADV now owns 81,227 shares of the credit services provider’s stock worth $1,893,000 after buying an additional 830 shares during the period.
NYSE:WU traded up $0.01 on Friday, hitting $27.87. 5,836,357 shares of the stock were exchanged, compared to its average volume of 5,824,079. The stock has a market cap of $11.68 billion, a PE ratio of 14.52, a PEG ratio of 1.56 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 101.99. The stock has a fifty day moving average of $24.05 and a 200-day moving average of $21.43. The Western Union Company has a fifty-two week low of $16.42 and a fifty-two week high of $28.00.
The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, analysts predict that The Western Union Company will post 1.77 earnings per share for the current year.
In other news, Director Michael Miles sold 6,282 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $24.00, for a total value of $150,768.00. Following the completion of the sale, the director now owns 133,735 shares in the company, valued at $3,209,640. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Amintore Schenkel sold 11,550 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $24.00, for a total value of $277,200.00. Following the completion of the sale, the insider now owns 95,028 shares of the company’s stock, valued at approximately $2,280,672. The disclosure for this sale can be found here. Insiders have sold 40,385 shares of company stock valued at $963,200 over the last 90 days. 1.33% of the stock is currently owned by insiders.
WU has been the topic of several recent analyst reports. Guggenheim upgraded The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Friday, September 27th. Barclays increased their target price on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Bank of America set a $21.00 target price on The Western Union and gave the stock a “sell” rating in a research report on Friday, November 1st. SunTrust Banks increased their target price on The Western Union to $26.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Royal Bank of Canada set a $23.00 price target on The Western Union and gave the stock a “hold” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.14.
The Western Union Company Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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